Asia Pacific Beer Market to Exhibit 5.0% Cagr During 2014-2020 Due to Growing Demand from China

Transparency Market
Research

Asia Pacific Beer Market - Industry Analysis, Size, Share, Growth, Trends
and Forecast, 2014 – 2020

Published Date
21-07-2014

62 Page Report

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Press Release
Asia Pacific Beer Market to Exhibit 5.0% CAGR during 2014-2020 due to
Growing Demand from China

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Asia Pacific Beer Market

REPORT DESCRIPTION

According to a recent market research report published by Transparency Market Research, the Asia Pacific
beer market is estimated to expand at a CAGR of 5.0% during the period between 2014 and 2020. The
report, titled “Asia Pacific Beer Market - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 2020,” projects the Asia Pacific beer market to stand at a valuation of US$220.36 bn by 2020. The market
was worth US$155.93 bn in 2013.
Beer is one of the most widely consumed and oldest alcoholic beverages in the world. Recent
archaeological excavations in China have revealed a 5,000-year old brewery, pointing out the historical
consumption of beer in Asia Pacific. The growing demand for innovative flavored beer and crafted beer has
boosted the growth of the beer market in Asia Pacific.
The report points out that a rise in disposable incomes, the impact of Western culture, and increase in beer
consuming working class consumers have propelled the growth of the Asia Pacific beer market. An increase
in the number of convenience stores, liquor shops, retail stores, malls, restaurants, and bars has also
supported the growth of the market. However, government regulations regarding alcohol consumption
threaten to impede the regional market’s growth during the forecast period. Furthermore, consumers are
also becoming aware of the negative effects of regular alcohol consumption. The APAC market has a...